Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Out Pad Title is generated by Realmo AI

    832 Hwy 19 N, Meridian, MS 39307

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1 +/- AC outpad at busy signaled intersection.

    Type:Retail
    Lot size:
    1.00 Acre
    Added:
    Jul 13, 2024
    Days on Market:
    692
    Last Refresh:
    May 12 at 9:01 pm

    Property Features for 832 Hwy 19 N

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Retail

    We can help!

    Listing Contact
    Louise Jennings-McCullar

    Listing agent Louise Jennings-McCullar License #MS 21674

    Listing office Real Estate Southeast

    Listing date Jul 13, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Southeast

    HighLights

    • Located at a busy signaled intersection.
    • 1 +/- AC Out Pad.
    • Apex of Hwy. 19, Old Hwy. 80 and 49th Ave.
    • Well located.

    Overview

    This property features a 1 +/- acre out pad. It is located at a busy signaled intersection at the apex of Highway 19, Old Highway 80, and 49th Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Mobile Phone Store NFusionX Child Welfare Organization Roses Discount Store Discount Store Tower Loan Loan Service Young Fashion Cosmetic Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.7303225
    Latitude
    32.3662903

    Nearby Similar for Sale

    • $250,000
      5,000 SF

      Meridian Commercial Building on Acreage

      5000 sqft commercial building on 3.59 acres for sale.
      5381 Vimville Causeyville Road, Meridian, MS 39301
      View Details
    • $315,000

      Commercial/Industrial Land in Bonita Lakes

      62.76+/- acres in a desirable commercial corridor.
      0000 Virginia Drive, Meridian, MS 39301
      View Details
    • $149,900
      2,530 SF

      Multifamily Income Home

      Multi-family home with multiple bedrooms and kitchen spaces, suitable for owner-occupants or rental use.
      2300 23rd Avenue, Meridian, MS 39301
      View Details
    • $27,500

      Multi-Use Office and Day Care Building

      Flexible interior layout with central HVAC, reception space, multiple offices, and a large back yard for added parking.
      4717 8th Street, Meridian, MS 39301
      View Details
    • $475,000

      Mixed-Use Office and Retail Property

      Two-level configuration offers income potential with a rented ground-floor and upstairs office space on a busy thoroughfare.
      1312 22nd Avenue, Meridian, MS 39301
      View Details
    • $139,000
      735 SF

      Commercial Building on Highway 19N

      Well-maintained commercial building with high traffic and secure workspace.
      420 MS-19, Meridian, MS 39307
      View Details
    • $28
      13,631 SF

      New Retail Strip in Meridian

      New retail strip center in Meridian's shopping and entertainment corridor.
      300 N Frontage Rd, Meridian, MS 39301
      View Details
    • $549,000

      Highway Frontage Commercial Land

      Highly visible commercial land with highway frontage in growing area.
      7770 MS-39, Meridian, MS 39305
      View Details
    • $480,000

      Vacant Land Investment Opportunity

      200-acre timberland near Meridian, MS, ideal for hunting.
      0 County Road 425, Meridian, MS 39301
      View Details
    • $302,000

      Meridian Income Property Near Downtown

      Income-producing property near hospitals and downtown Meridian.
      2310 15th Street, Meridian, MS 39301
      View Details
    • $640,900

      221 Acres of Hunting Land

      221 acres of hunting land with water and views.
      221ac Skyline Road, Meridian, MS 39301
      View Details
    • $2,300,000
      17,815 SF

      Conference Center and Restaurant Facility

      Strategically located conference center and restaurant facility for sale.
      111 U.S. 11, Meridian, MS, 39301
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1 +/- AC outpad at busy signaled intersection.
    Where is this commercial land located?
    The property is located at 832 Hwy 19 N Meridian, MS.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Located at a busy signaled intersection.; 1 +/- AC Out Pad.; Apex of Hwy. 19, Old Hwy. 80 and 49th Ave.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Louise Jennings-McCullar
    Real Estate License ID: MS 21674
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    832 Hwy 19 N, Meridian, MS 39307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!